Expanding into New Global Markets
Timeline
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September 19, 2022Experience start
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December 3, 2022Experience end
Experience scope
Categories
Market research Product or service launch Marketing strategySkills
competitive analysis business consulting business strategy data analysis researchIf you are wondering about the possibility of expanding your product/service into a new country, this is the project for you. Students in this course are eager to apply what they learnt to help companies to research the target market's macro-environment, evaluate the feasibility of expanding your product/service into the foreign market, and recommend the most suitable entry mode.
Learners
Each team will submit TWO deliverables:
1) A 5 to 12-page report containing an executive summary, the target country's business environments, feasibility of expanding the product/service into that country, and recommendations on the best entry mode.
2) A PowerPoint slide deck to present the findings of 10 to 20 mins in case the client wants a presentation.
Project timeline
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September 19, 2022Experience start
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December 3, 2022Experience end
Project Examples
Requirements
The project will examine a foreign target market from economic, cultural, political, legal, and ethical perspectives to help a company understand what they might get into. It will conduct an assessment on the fit between the product/service and target market (and its sub-markets). Based on the research and analysis, the students shall provide an recommendation on what the best entry mode will be for your company's business.
Additional company criteria
Companies must answer the following questions to submit a match request to this experience:
Be available for a quick phone call with the instructor to initiate your relationship and confirm your scope is an appropriate fit for the course.
Provide a dedicated contact who is available to answer periodic emails or phone calls over the duration of the project to address students' questions.
Timeline
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September 19, 2022Experience start
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December 3, 2022Experience end